264 S 3rd Street, Columbus, OH 43215
$1,800,000
Property Type:
Office
Square Footage:
8,494
Lot Size (sq. ft.):
11,761
Status:
Closed
Current Price:
$1,800,000
List Date:
11/16/2023
Last Modified:
3/03/2025
Description
262-266 South Third Street is a freestanding Retail/Office building in the middle of Downtown Columbus. It is a fully occupied three unit, income-producing asset.
This 8,494 SF building has been fully transformed by Roger Krajnak Architects and offers convenient on-site parking for employees and visitors. The renovated spaces have open-concept layouts with multiple conference rooms and flexibility for future uses. North facing Bay windows create potential. The fully sprinklered basement is prepped for occupancy allowing versatile utilization and additional tenancy. The rear, one-story portion of the roof is structurally ready for a roof terrace or a second-floor addition.
Supplements: ********
More Information MLS# 223037824
Location Property Info
Original List Price: 1799000
Sold Price: $1,800,000
Property Sub Type: Office
Street #: 264
Street PreDirection: S
Street Name: 3rd
Street Suffix: Street
County: Franklin
State: OH
Zip Code: 43215
Subdiv/Cmplx/Comm: Downtown Columbus
Township: None
OfficeContract Info
Status: Closed
MLS Entry Date: 2023-11-16
General Property Info
Total Available Sqft: 8494
Building Sqft: 8494
Max Cont Sqft Avail: 3752
# of Floors Above Gr: 2
Total Parking: 10
Use Code: 447 - OFFICE BLDG 1 AND 2 STORY
Year Built: 1920
Basement: Yes
Lot Size (Side): 187.5
Acreage: 0.27
Tax Info
Parcel #: 010-040486
Tax Year: 2022
Tax Abatement: No
Taxes (Yrly): 20678
Status Change Info
Under Contract Date: 2024-02-17
Sold Date: 2024-07-17
Sold Price: $1,800,000
Sold Price/SqFt: 211.91
Suite Info 1
Suite #: 266
SQ FT: 2942
Suite Info 2
Suite #: 264
SQ FT: 3752
Suite Info 3
Suite #: 262
SQ FT: 1800
Suite Info 4
Suite #: Lower Level
SQ FT: 5552
Date Available: 2023-12-07
Financials
Gross Rental Income: 159340
Effective Income: 134375.1
Expenses
R.E. Taxes: 19489
Property Insurance: 3000
Auction Info
Auction/Online BiddingY/N: No
Property Features
Addl Acceptance Cond: None Known
Heat Type: Forced Air; Hot Water
Services Available: Electricity Available; Natural Gas Available; Sewer Available; Storm Sewer
Building Type: Multi Tenant
Construction: Block; Metal
Sprinkler: Wet
Miscellaneous: Air Condition; Building Plans
Alternate Uses: Commercial
MLS Primary PhotoSrc: Realtor Provided
Listing Office: NAI Ohio Equities, Realtors
Listing Agent: John Mally
Last Updated: March - 03 - 2025
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